Making Heads or Tails of the Real Estate Marketplace

We’ve moved into a Seller’s market in recent weeks, with exciting mortgage rates enticing more Buyers to investigate home ownership. This is a very good time to re-finance, as well, with interest rates still under 4%. Days on market are decreasing, with savvy Sellers pricing strategically. Redfin reports a 7.6% gain for California sellers in the last year.
It was a busy holiday season, with Buyers making offers on tightening inventory. Prices are proceeding at a steady march towards good equity build-up versus the heady boom of a few years ago.
If you are buying, now is the time to talk to your lender to find out what you can afford, and start shopping. If you are selling, the next few months will reveal the developing market trends, and determine your market strategy.

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Posted on February 24, 2015 at 1:58 pm
Nancy Low | Category: Buyers, News, Sellers

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